AuctionsPlus Sheep and Lamb listings steadied this week, with just a 1% decrease in the yarding, after significant declines in previous weeks. The clearance rate dropped 7 percentage points and it was good to see the Value Over Reserve continue to rise with a jump of $6 week on week to $15.
The ARLI Indicator, AuctionsPlus' restocker indicator fell 166c/kg to 501c/kg, however the Crossbred Lamb Indicator lifted by 10% to $136.
Crossbred Lambs and Merino Wether Lambs both lifted an average of $12/head this week, with the Crossbreds achieving an 86% clearance and the wethers a 51% clearance.
The biggest gains in a dollars per head basis were achieved in the SIL Composite/Other Breed category, which recorded a $78/head jump and 94% clearance in a yarding that was 354% larger than the previous week.
Listings were down across all states except NSW, with producers from that state putting an additional 5,238 head on the market. Buyer activity was down across the country, apart from in Victoria where an additional 966 head were purchased compared to the previous week.
Processors snapped up 4% of the offering this week.
Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
Report: Interactive Market Dashboard
Crossbred Lambs registered a 31% smaller offering with 5,590 head, with prices up by $12/head on last week to average $136/head for a 86% clearance rate.
From Millthorpe, NSW, a line of 330 Poll Dorset/Border Leicester/Merino mixed sex, Sep/Nov '23 drop, and weighing 40kg lwt, returned $156/head, or 387c/kg and will travel to a buyer in Forbes, NSW.
Merino Wether Lambs registered a 63% increase in offering to 6,606 head, with prices also rising $12/head for a 51% clearance.
From Yunta, SA, a line of 670 Poll Merino wethers, Jul/Aug '23 drop, and weighing 40kg lwt returned $85/head, or 213c/kg and will travel to a buyer in Nuriootpa, SA.
SIL Merino Ewes registered an 8% larger offering with 8,165 head, with prices up by $12 on last week to average $121/head for a 49% clearance.
Note: Prices as at 5pm Thursday, 30th May 2024.
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